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Transportation Secretary Ray LaHood announced Thursday that DOT is sending grants totaling $2.4 billion to 54 rail projects in 23 states qualifying for aid under the Obama Administration’s high speed rail initiative.

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“States understand that high speed rail represents a unique opportunity to create jobs, revitalize our manufacturing base, and spur economic development and provide people with jobs,” said LaHood (pictured at left).

DOT says 30 passenger railcar builders and component suppliers have agreed to establish or expand operations in the U.S. to meet the anticipated demand.

The largest grants are going to California, $901.574 million, and Florida, $808 million. Both of these states have plans for high speed lines that meet international standards. The remainder are for higher-speed (HrSR) lines.

--> Transportation Secretary Ray LaHood announced Thursday that DOT is sending grants totaling $2.4 billion to 54 rail projects in 23 states qualifying for aid under the Obama Administration’s high speed rail initiative. ...
The Brussels Transport Company STIB on Thursday confirmed a $235 million order for an additional 65 bi-directional Bombardier FLEXITY Outlook trams. With completion of this order, Brussels will have a fleet of 220 Bombardier trams. Delivery is scheduled between January 2013 and the end of April 2015 ...
American Railcar Industries reported Thursday that it had a third-quarter net loss of $6.2 million or 29 cents per share on revenue of $64.8 million, compared with earnings of $.1 million or five cents per share on revenue of $78.1 million in the third quarter of 2009. ...
The Southern California Regional Rail Authority has awarded a $120 million contract to Parsons to design, procure, and install Positive Train Control (PTC) technology on the 512-mile Metrolink regional rail system. Parsons’ responsibilities will include design, installation, documentation, ...
Norfolk Southern late Wednesday reported third-quarter 2010 net income of $445 million, up 47% compared from third-quarter 2009, and diluted earnings per share of $1.19. up 47% The operating ratio improved by 3.2 percentage points to 69.6%. ...
Trinity Industries, Inc. late Wednesday reported net income of $29.7 million, or 37 cents per common diluted share, for the third quarter, compared with $23.2 million, or $0.29 per common diluted share, in the comparable quarter of 2009. Included in the results for the third quarter of 2010 was a ...
TCS Rail Services said Wednesday it will be co-hosting a seminar with the Federal Railroad Administration in Overland Park, Kan., on November 16, entitled “Drug and Alcohol Program Manager Training Session With Signs and Symptoms Training and Engineer Certification.” ...
Canadian Pacific reported Wednesday that third-quarter revenue increased 15% to C$1.3 billion, reflecting gains that included a 23% increase in industrial and consumer products traffic and a 41% increase in sulfur and fertilizers volume. ...
Wilmerding, Pa.-based Wabtec Corp. Wednesday reported third-quarter earnings rose 11% to $51 million, or 63 cents per diluted share, compared with comparable third-quarter 2009 earnings of 57 cents per diluted share. Sales of $276 million were up 14% compared with the year-ago quarter. ...
New Jersey Gov. Chris Christie today again canceled the proposed trans-Hudson rail tunnel, dubbed Access to the Region’s Core (ARC), based in large measure on concerns over cost overruns. The project, initially estimated to cost $6 billion, most recently was pegged at $8.7 billion, with additi ...
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